Here's your 60-second business tip: Owners of closely held businesses and partnerships should be concerned about their partners. What happens if one dies, becomes disabled, bankrupt, or divorces? What would happen if any of the foregoing occurred? A buy-sell agreement would address those possibilities. A buy-sell agreement can ensure the continuing ownership and management of the business without forcing the departing owner's family upon the remaining owners. It can also provide an exit strategy and fair compensation for the departing owner. Additionally, the agreement can establish a value of the business interest for potential estate taxes. A buy-sell agreement is not only an essential business and planning tool for any small business, but it also establishes a valuation method and payment terms for unfortunate events should they arise. For more information, contact a Nevada Corporate Headquarters representative at 1-800-508-1729.
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Small business Sale Agreement PDF Form: What You Should Know
Sale of Business — Legal Templates Purchase Agreement for Small and Disadvantaged Businesses (WIC-SBA) — Legal Templates There aren't any “small” or “disadvantaged” businesses as of 2002, so this form is most useful for SBA-SBA Sale of a Small Business — Legal Templates This document sets forth the terms and conditions of each business sale for a sale for which the annual report is not required. This template agreement can be used as a standard form for most vendors who are selling a business. Sale of a Business or Personal Property by an Owner for Sale — Templates This form should only be used if the owner has a strong desire to sell the business. You should contact the seller if the seller is concerned. These documents are only valid when used by the owner. If you need any help downloading a legal template, just email me at or call 3.3. The Purchaser hereby grants the Vendor full permission to use and incorporate the Business in any form of marketing materials, including but not limited to brochures, webpages, brochures, flyers, advertisements, newsletters, flyers, sales and promotional materials, and any other means necessary to promote and sell the business or properties sold from the business or property. If the business will be used for sale or leasing of new/replacement property, the Purchaser agrees to pay the Vendor 50% of the gross purchase price. 3.4 To the extent necessary to ensure a smooth transition of the property being sold, the Purchaser shall be responsible for arranging for a good faith sale of the asset(s) by the same seller(s). 3.5 The Vendor acknowledges that the Purchaser shall have a legal and binding interest in any and all assets or goods or any interest therein or in any portion thereof, including but not limited to property in or subject to the possession and control of any purchaser. The Purchaser agrees to perform all acts and assignments necessary to effect a sale and to secure all rights to the assets. 3.
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